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20121101
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
of that company and that autonomy misrepresented its financial condition. late today the fbi and ousted is investigating the accounting irregularities exposed by h-p. ironically oracle passed on the opportunity to buy autonomy 1/4 hewlett-packard was offered a deal. oracle said it was overpriced at a much slower $6 billion. and one of the oracle executives critically involved in that decision was a fellow by the name of mark heard, the former h-p ceo who was forced out to back in 2008. hedge fund manager avoided a kit quarter of a billion in losses and to join stocks in which he held major positions. he quietly sold his stake in those companies of taking short positions and was awarded $9 million for that brilliant move by sec capitol, the company that owns a hedge fund. today the sec, no relation to s. a. c., charged mark thomas with avoiding those losses by using inside information. the sec said he was told by doctors conducting trials on an alzheimer's drug that the drug was no good before the doctors presented their evidence to investors. the largest in tech -- insider-trading actio
-mails to that tampa woman who triggered the fbi probe. connell: the president kicks off his fiscal cliff meetings with labor leaders. those readings are happening in this very hour. let's talk about stocks now as we do every 15 minutes. nicole petallides starts us off from the floor of the new york stock exchange. nicole: market picking up some steam. first i want to take a look at a mover and that is a k steel. they have come out with their numbers. the prices will likely decline. the steel company is under some pressure today. it is down over 8%. you can see here, right now, it is under some pressure. i want to take a look at the broader markets. the dow jones industrials at 12,884. still not at 13,000. we have lost some key levels that everyone was looking four. at the same time, we just got a pop here in the last half hour. do not forget, you have seen selling three weeks in a row. the 26th of october, almost a 2% loss. back to you. connell: thank you. dagen: the bush tax cuts expected to expire a month from now. connell: neil cavuto is the senior vice president managing editor of fox busines
cohen, though. >> they might as well have. it is made clear by the fbi investigator in order to make the $276 million in trade, it was steve cohen you have to pull the trigger. mark, who received the information had to convincecohen . how do you suppose he did it? i imagine by telling steve cohen it was good information. charlie: here is one thing we should point out how the capital works. i am not trying to be a defense attorney here for steve going. i am merely trying to play devil's advocate. they both run money. in running their money, you know, including this guy, they go out and make bets in a shared their best bets with steve cohen. now, just because he obtained that information illegally and suppose he does not tell steve cohen that he obtained it illegally. isn't that possible? >> no. according to the indictment there was a 20 minute phone call between the two after the doctor gave him the nonpublic information. what were they discussing for 24 minutes. twenty-four minutes. charlie: i am just saying to you, listen, it is a little fishy when the government charges this guy, o
Search Results 0 to 3 of about 4 (some duplicates have been removed)